May'23 CPI Update

Hiking like it's 2019.

On December 11, 2019, the Washington Post published an important article. I can imagine a similar one will be published at the end of 2023.

It was titled 2019, the year the Federal Reserve admitted it was wrong. Here is the key quote:

“The first was acknowledging that the economy wasn’t in danger of overheating in the short term. The second was acknowled…